Koka Gold Deposit Sub-Sahara Resources (ASX: SBS) has further defined a "significant" gold deposit at its Koka Gold deposit in Eritrea, East Africa, with the size of the resource increasing to 1.04 million ounces gold from the previously announced 760,000 ounces gold.
"But there is still a lot of upside to Koka with the deposit still open at depth and to the south, and we have a number of high priority targets to test within the 196km2 concession.
Given this excellent resource estimate and the fact that the Eritrean Government recently awarded its first mining licence, confirming its commitment to mining and the mining industry, we are very confident that the Koka GoldProject has the potential for commercial development."
SBS Price at posting:
2.1¢ Sentiment: LT Buy Disclosure: Held
